Universal Corp. (UVV) Reports Q1 Loss of $0.43

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Universal Corporation Reports First Quarter Results

August 6, 2015 4:03 PM EDT

RICHMOND, Va., Aug. 6, 2015 /PRNewswire/ --

HIGHLIGHTS

Revenues up 1%, to $275.4 million on higher volumes Segment operating loss of $3.5 million improved by $4.1 million Fiscal year lamina volumes expected to increase compared to the prior year

George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE: UVV), reported a net loss of $5.9 million, or $0.43 per diluted share, for the first quarter of fiscal year 2016, which ended on June 30, 2015. Those results were down from net income of $0.7 million, or a $0.13... More